After Dell's purchase of Perot Systems and Xerox's buyout of ACS (Affiliated Computer Services) last month, there seems to be a general feeling that India's IT giants are being caught with their pants down and are slow on the uptake. Err, excuse me, but it's precisely the opposite that has happened. The Indian "global delivery" story coupled with the Chinese manufacturing machine is in fact what has kicked off this acquisition spree. The offshore meteor hit the industry and all the dinosaurs hadn't yet grown wings!

BANGALORE: EDS has announced its second acquisition in India with the 100% buyout of Bangalore-headquartered testing services company RelQ for an undisclosed amount. RelQ with over 700 people has its offices in UK, France and US offering testing services in multiple areas. The transaction is expected to close in May 2007. In a release EDS said, "Over time, RelQ will be fully integrated into EDS' global testing organisation and will accelerate global testing capabilities by offering low...

BANGALORE: EDS has announced its second acquisition in India with the 100% buyout of Bangalore-headquartered testing services company RelQ for an undisclosed amount. RelQ with over 700 people has its offices in UK, France and US offering testing services in multiple areas. The transaction is expected to close in May 2007. In a release EDS said, "Over time, RelQ will be fully integrated into EDS' global testing organisation and will accelerate global testing capabilities by offering low...

BANGALORE: Global technology service provider, EDS has said it has reached a definitive agreement to acquire Bangalore-based software testing firm RelQ Software Private Ltd. The New York Stock Exchange-listed company said the acquisition would accelerate its existing global software testing, validation and verification services for enterprise clients. Financial terms of the transaction, expected to close in May, were not disclosed. EDS said over time, the privately-owned RelQ would be...

BANGALORE: Majority stakeholders ICICI Ventures and Acer Technologies of Taiwan have put RelQ, a Bangalore-based independent software testing company, on the block with a valuation close to $60 million, sources said. Sources said RelQ, which ended FY'06 with revenue of $21 million, has also attracted the attention of potential bidders like KPIT Cummins, NIIT and CGI. However, the steep valuation ? almost three times the topline revenue ? has acted as a dampener with talks hitting a trouble...

CHENNAI: Cognizant Technology Solutions, which has made five acquisitions in the last two years, is on the prowl again. This time, it is likely to acquire the Bangalore-based software testing and validation services provider, RelQ, for a consideration of $15 million. According to sources, both the companies began discussions in May and the talks now seem to have reached an advanced level. The deal is expected to be inked in the next few...

BANGALORE: Any of the half a dozen or so independent software testing companies will tell you that business potential is huge and the future promising. Software industry watchers, however, doubt the growth chance of third-party testing providers . Here is why - big brands in the software services space are stepping up their focus on testing services and hence, it is natural that clients would prefer them in favour of small testing firms. Testing companies will find it difficult...

Not many CEOs would be so munificent as to review the business plans of employees who intend to quit and start their own companies, which may at some point become competitors. A CEO who chooses to do this would have to be a fundamentally secure business manager ? or NR Narayana Murthy, chief mentor of Infosys Technologies. Though Murthy does not actively encourage employees to leave, he dons his chief mentor hat and guides those of his people who have decided to follow their dreams.

BANGALORE: As a hunting ground for English speaking Information Technology (IT) professionals, Bangalore is second to none. The city is emerging as a fertile arena for those looking at foreign language resource pool too. "There is a growing demand for non-English speaking professionals," says Ms Madhuri Hegde, chief executive officer of Mayflower Language Services, a leading provider of customised multilingual solutions to corporates. Her agency employs a team of European and...

BANGALORE: Majority stakeholders ICICI Ventures and Acer Technologies of Taiwan have put RelQ, a Bangalore-based independent software testing company, on the block with a valuation close to $60 million, sources said. Sources said RelQ, which ended FY'06 with revenue of $21 million, has also attracted the attention of potential bidders like KPIT Cummins, NIIT and CGI. However, the steep valuation ? almost three times the topline revenue ? has acted as a dampener with talks hitting a trouble...

BANGALORE: As a hunting ground for English speaking Information Technology (IT) professionals, Bangalore is second to none. The city is emerging as a fertile arena for those looking at foreign language resource pool too. "There is a growing demand for non-English speaking professionals," says Ms Madhuri Hegde, chief executive officer of Mayflower Language Services, a leading provider of customised multilingual solutions to corporates. Her agency employs a team of European and Asian language...

BANGALORE: Any of the half a dozen or so independent software testing companies will tell you that business potential is huge and the future promising. Software industry watchers, however, doubt the growth chance of third-party testing providers . Here is why - big brands in the software services space are stepping up their focus on testing services and hence, it is natural that clients would prefer them in favour of small testing firms. Testing companies will...

CHENNAI: Cognizant Technology Solutions, which has made five acquisitions in the last two years, is on the prowl again. This time, it is likely to acquire the Bangalore-based software testing and validation services provider, RelQ, for a consideration of $15 million. According to sources, both the companies began discussions in May and the talks now seem to have reached an advanced level. The deal is expected to be inked in the next few weeks and is valued at $15...